facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

Pinecrest, FL, USA

Seedcamp CEO Reshma Sohoni Acquires Pinecrest Single Family Home From NBA Star Jimmy Butler
SOLDSingle Family Residence

Seedcamp CEO Reshma Sohoni Acquires Pinecrest Single Family Home From NBA Star Jimmy Butler

Pinecrest, FL, USA

$7,110,000

$931/SF

Building Size

7,630 SF

Asset Type

Single Family Residence

Closing

Aug 25, 2021

AI

A single-family property in Pinecrest, with a total area of 7,630 square feet, was recently sold for a price of $7,110,000. The property was purchased by Reshma Sohoni, who represents Seedcamp, while the seller was Jimmy Butler. Reshma Sohoni was represented by David Siddons from Douglas Elliman, and Jimmy Butler was represented by Michael Martinez from One Sotheby's International Realty. The sale price equated to a price per square foot of $932.

Summary of transaction details:

The transaction took place on August 25, 2021. This sale showcases the involvement of notable individuals and companies in the Pinecrest real estate market, with Reshma Sohoni and Seedcamp securing the property from Jimmy Butler. David Siddons from Douglas Elliman represented Reshma Sohoni, while Jimmy Butler sought the expertise of Michael Martinez from One Sotheby's International Realty as his representative in the sale.

Players

Michael Martinez

Sotheby's International Realty

Broker

$134.6M

vol

18 deals

Broker

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93